Form 990 for tax year 2024

2a · Program service revenue: INTEREST ON LOANS

total $43,879,898 · related or exempt $43,879,898

2b · Program service revenue: FEES, CHARGES & OTHER

total $9,257,004 · related or exempt $9,257,004

2c · Program service revenue: FINANCE & INSURANCE

total $67,838 · unrelated business $67,838

3 · Investment income

total $11,382,793 · related or exempt $11,382,793

7a · Gross sales of assets other than inventory

other assets $5,097,262

7b · Less cost or other basis and sales expenses

other assets $5,044,098

7c · Gain or loss

other assets $53,164

7d · Net gain or loss

total $53,164 · related or exempt $53,164

1 · Grants to domestic organizations and governments

total $47,181

2 · Grants to domestic individuals

total $5,000

5 · Compensation of officers, directors and key employees

total $4,544,424

7 · Other salaries and wages

total $8,496,693

8 · Pension plan contributions

total $456,892

9 · Other employee benefits

total $1,973,061

10 · Payroll taxes

total $897,321

11b · Fees: legal

total $2,560

11c · Fees: accounting

total $310,653

11f · Fees: investment management

total $409,424

11g · Fees: other

total $643,548

12 · Advertising and promotion

total $1,274,156

13 · Office expenses

total $7,807,014

14 · Information technology

total $373,649

16 · Occupancy

total $1,420,272

19 · Conferences, conventions and meetings

total $59,979

20 · Interest

total $18,242,335

22 · Depreciation, depletion and amortization

total $1,504,085

23 · Insurance

total $178,041

24a · Other expenses: LOAN SERVICING

total $1,152,927

24b · Other expenses: PROVISION FOR LOAN LOSS

total $1,101,398

24c · Other expenses: LOSSES

total $689,655

24d · Other expenses: MISCELLANEOUS EXPENSES

total $181,035

24e · All other expenses

total $180,866

1 · Cash, non-interest-bearing

beginning of year $3,802,288 · end of year $4,143,199

2 · Savings and temporary cash investments

beginning of year $116,062,083 · end of year $114,544,390

4 · Accounts receivable

beginning of year $1,883,429 · end of year $1,945,544

5 · Loans and receivables from officers and key people

beginning of year $586,660 · end of year $599,400

7 · Other notes and loans receivable

beginning of year $883,891,973 · end of year $942,456,286

9 · Prepaid expenses and deferred charges

beginning of year $1,065,636 · end of year $1,427,426

10a · Land, buildings and equipment: cost or other basis

$18,853,167

10b · Land, buildings and equipment: accumulated depreciation

$12,268,525

10c · Land, buildings and equipment, net

beginning of year $7,878,126 · end of year $6,584,642

11 · Investments: publicly traded securities

beginning of year $225,731,794 · end of year $212,671,097

12 · Investments: other securities

beginning of year $5,994,544 · end of year $4,574,868

15 · Other assets

beginning of year $16,755,603 · end of year $16,977,065

17 · Accounts payable and accrued expenses

beginning of year $14,375,262 · end of year $11,191,219

23 · Secured mortgages and notes payable

beginning of year $36,000,000

25 · Other liabilities

beginning of year $1,070,411,798 · end of year $1,138,055,869

29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0

30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0

31 · Retained earnings, endowment or other funds

beginning of year $142,865,076 · end of year $156,676,829